Following on from my previous blog about a near disaster, the following are ten questions to ask your IT department about how they run their finances, and may come in useful when planning an IT strategy.
IT managers hate finances. Ask any IT person what they think about accountants and accounting and you will probably get a very rude answer. Let’s face it, technical people do not like to ask questions about money, they just want to get on with projects, solutions and technology. In many firms the CIO or CTO is promoted to a level where they have control over significant spend but the promotion is often based on their technical knowledge as much as management capability. Maybe 30 per cent of any spend in a firm can be concentrated directly and indirectly these days in IT or systems related service – so ignoring money is not an option. Not having strong governance over how money is spent on IT is a risk to the firms bottom line.